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Published on 25 Apr 2024 on Benzinga

2 Semiconductor MANGO Stocks Trading Near 52-Week Lows As They Head Into Q1 Earnings -...


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Semiconductor stocks have been in the spotlight lately, with ON Semiconductor ON and Globalfoundries Inc GFS trading near their 52-week lows.

These companies are part of the MANGO acronym, a term introduced by BofA Securities analyst Vivek Arya. ON and Globalfoundries — along with Marvell Technology MRVL, Advanced Micro Devices, Broadcom AVGO, Analog Devices Inc ADI and Nvidia Corp NVDA — are sector leaders and aim to mirror the success of FAANG stocks.

NASDAQ.ADI price evolution

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